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Featured local agent — Madison, WI
Sarah Mitchell
Compass Real Estate · Madison, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Madison, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$437,000median sale price
How is the Madison, WI housing market right now?
The median home sale price in Madison, WI is $437,000, up 0.5% year-over-year. Homes sell in an average of 39 days with 610 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Madison a buyer's or seller's market?
Madison, WI is currently a seller's market, based on 2.4 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
259
Last 12 weeks
Days on market
39
Average pace
Active listings
610
2.4 months supply
Sale-to-list
101.8%
Above asking
What does the Madison housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $437,000 |
| Median list price | $449,950 |
| Year-over-year price change | +0.5% |
| Average days on market | 39 days |
| Active inventory | 610 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 101.8% |
| Median price per sq ft | $262/sq ft |
| Homes sold (latest month) | 259 |
| New listings (latest month) | 350 |
| Listings with a price cut | 17.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Madison by property type?
How the Madison, WI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $460,000 | $277/sq ft | 185 | 37 days |
| Condo / Co-op | $287,000 | $242/sq ft | 48 | 48 days |
| Townhouse | $327,450 | $216/sq ft | 20 | 51 days |
Source: Redfin · Updated monthly
The Madison housing market is currently classified as a seller's market with a median sale price of $437,000. Prices have risen 0.5% compared to last year, with homes spending an average of 39 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.7x provides context for how home values compare to local earning capacity.
Homes for sale in Madison
There are currently 610 homes listed for sale in Madison, Wisconsin. The median listing price is $450K.
Active listings
610
Homes on market
Median list price
$450K
Avg. days on market
39
Days until sale
New this week
350
Newly listed
Who lives in Madison?
Population
275,568
Median income
$76,983/yr
Median age
31.8 years
Owner-occupied
46.6%
College grads
59.2%
Avg commute
19.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Madison?
Zillow home value
$435,430
Zillow rent index
$1,656/mo
Price-to-rent ratio
21.9x
Price-to-income
5.7x
Source: Zillow Research
What is it like to live in Madison?
Madison is a community of approximately 276K residents with a median age of 31.8 years.The median household income is $76,983, which reflects a relatively affluent area with strong earning potential. 59.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 46.6%, showing a blend of owner and renter-occupied properties. The average commute time is 19.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Madison offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Madison?
50 schools tracked · 24,767 students
The largest public schools serving Madison, WI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
West High
Grades 9-12 · 2,137 students
Vel Phillips Memorial High School
Grades 9-12 · 2,005 students
East High
Grades 9-12 · 1,644 students
LaFollette High
Grades 9-12 · 1,527 students
Hamilton Middle
Grades 6-8 · 768 students
Cesar Chavez Elementary
Grades PK-5 · 652 students
Leopold Elementary
Grades PK-5 · 623 students
4K PK Off Site
Grades PK · 594 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Madison, WI?
Want a head-to-head view? Compare Madison side-by-side with any other U.S. city using our market-comparison tool.
Is Madison a good real estate investment market?
For investors evaluating Madison, the price-to-rent ratio of 21.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 0.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Madison's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Madison's median home price.
Frequently asked questions
What is the average home price in Madison?
The median home sale price in Madison is $437,000, up 0.5% from last year.
How long do homes stay on market in Madison?
Homes typically spend 39 days on market before going under contract.
What is the median income in Madison?
The median household income is $76,983 per year.
Is Madison a buyer's or seller's market?
With 2.4 months of supply, Madison is currently a seller's market.
What is the Zillow home value estimate for Madison?
The Zillow Home Value Index (ZHVI) for Madison is $435,430, representing the typical home value in the area.
What is the median condo price in Madison?
The median condo/co-op sale price in Madison, WI is $287,000, compared to $460,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Madison?
The median single-family home price in Madison, WI is $460,000 (about $277 per square foot).
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